Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View More
German DAX May Stick to Tight Trading Range

German DAX May Stick to Tight Trading Range

David Rodriguez, Head of Product

Why and how do we use the SSI in trading? View our video and download the free indicator here

German DAX– Retail traders have once again turned net-long the GER30, which tracks the German DAX, and a contrarian view of crowd sentiment points to further DAX declines. This stands in notable contrast with just last week when the opposite was true— our indicator pointed to DAX strength.

Suffice it to say, choppy and range-bound price action makes it difficult to stick with a lasting trading bias. And indeed our data suggests that retail traders may outperform in low-volatility markets. Current retail sentiment suggests German stocks will continue lower, but we would need a notable shift in market conditions to call for meaningful price breakdown.

See next currency section: S&P - S&P 500 in a Precarious Position – What to Watch

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via Twitter at http://www.twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES